GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Anhui Heli Co Ltd (SHSE:600761) » Definitions » Financial Strength

Anhui Heli Co (SHSE:600761) Financial Strength : 6 (As of Mar. 2024)


View and export this data going back to 1996. Start your Free Trial

What is Anhui Heli Co Financial Strength?

Anhui Heli Co has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Anhui Heli Co's Interest Coverage for the quarter that ended in Mar. 2024 was 28.94. Anhui Heli Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.25. As of today, Anhui Heli Co's Altman Z-Score is 3.48.


Competitive Comparison of Anhui Heli Co's Financial Strength

For the Farm & Heavy Construction Machinery subindustry, Anhui Heli Co's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Anhui Heli Co's Financial Strength Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Anhui Heli Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Anhui Heli Co's Financial Strength falls into.



Anhui Heli Co Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Anhui Heli Co's Interest Expense for the months ended in Mar. 2024 was ¥-15 Mil. Its Operating Income for the months ended in Mar. 2024 was ¥432 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,158 Mil.

Anhui Heli Co's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*431.987/-14.926
=28.94

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Anhui Heli Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1061.09 + 3158.073) / 17219.02
=0.25

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Anhui Heli Co has a Z-score of 3.48, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.48 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Anhui Heli Co  (SHSE:600761) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Anhui Heli Co has the Financial Strength Rank of 6.


Anhui Heli Co Financial Strength Related Terms

Thank you for viewing the detailed overview of Anhui Heli Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Anhui Heli Co (SHSE:600761) Business Description

Traded in Other Exchanges
N/A
Address
No. 668 Fangxing Avenue, Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230601
Anhui Heli Co Ltd is a Chinese company engaged in the production and sale of forklift trucks, wheel loaders, engineering and mining machinery, foundry parts, and heat treatment products in China. The products of the company are Heli, HELI brand series forklifts. The company sells its products in China and other international countries.
Executives
Zhou Jun senior management
Ma Qing Feng Director
Xu Lin Director
Yang An Guo Director
Zhang Meng Qing Director
Mo Jia Yuan Supervisors
Xue Bai Director
Zhang De Jin Director
Qian Hong Xing Supervisors
Xu Song Bai senior management

Anhui Heli Co (SHSE:600761) Headlines

No Headlines